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Unbelievable High Prices Who is Buying

Discussion in 'General Gun Discussions' started by WALKERs210, Jan 2, 2013.

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  1. WALKERs210

    WALKERs210 Member

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    I have been looking at various sites such as Armslist and I see people listing guns and ammo at unbelievable high prices I have to ask, are there anyone actually paying these prices. When I see an AR or AK that a few weeks ago that would bring $700 now have asking price of $2000 or more. Not to mention the cost of ammo, I had a gun shop owner that knows I have a rather large supply of 30-06 mil sup wanting to buy from me. Prior to these hikes in price I had seen in a search that the Korean Surplus ammo had a price range of around .60 cents a round. I offered the gun shop owner the ammo at .65ct a round preloaded in enbloc clips for the Garand and you would have thought I was holding a gun to his head. But back to the point, are people actually paying these high prices for guns.
     
  2. jeeptim

    jeeptim Member

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    Are you kidding me!!!
    I sell some reloading stuff on Gunbroker mostly brass and its just what I sweep up 21 days ago i was getting $71,00 for 2k once fired 223 brass had some auctions end 500 223 o/f cases $109.22 REALLY!!! I started the auction at $25.
    100 .308 cases O/f $38.00 I have sold every extra brass case bullet I have nothing left to sell. Now I do this to help pay for my hobby but I aint pay'in them prices you nutz.
     
  3. sarge83

    sarge83 Member

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    My brother is one who is buying or attempting too. He ignored my suggestions for years and now is aghast at the prices of an AR or AK. You snooze you lose...
     
  4. Slipknot_Slim

    Slipknot_Slim Member

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    I don't know who is buying the stuff, but it's probably people who didn't go through the last scare. Newly retired, I decided to dabble in guns about the time that Obama was first elected. My desired gun was nowhere to be found, so I put one on backorder and waited. Meanwhile, the desired ammo for the desired gun was also nowhere to be found. However, lots of folks were accepting backorders and I think I placed an order with most of them.

    Eventually, the panic died down and my new gun came in. The supply of ammo eventually caught up and passed demand and here came all those backorders. :eek:

    The UPS driver and I are on a first name basis. :)

    I've still got ammo left.

    This time around, I'm not buying into the panic. I already have everything I need for the time being. I got a little part time job at a place that sells guns and ammo, so I can keep a finger on the pulse of what's going on.
     
  5. mastiffhound

    mastiffhound Member

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    I don't know but I'm asking $1,500,000 for a gently used SR-556. That is an incredible value as it is only marked up 1000% or so. With our economy if someone buys it I'm sure the dollar will devalue by 1000% so it will be like getting what I paid for it. Oh, by the way, Obummer can thank the gun owners for the uptick in spending making his economic growth numbers look good!

    Seriously, I don't know what's wrong with people, if they spent the same amount of time bothering elected officials that they are spending looking for or buying $100 P-Mags and $3000 Bushmasters and DPMS AR's this wouldn't be a problem. Just remember to be careful not to touch any socialists or fascists, you don't wan't to catch anything you can't wipe off!:D
     
  6. 12131

    12131 Member

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    Man, we really need to stop it, already. Every other hour, on every gun board, another new thread pops up lamenting about high prices blah blah blah. We get it the first thousand times, already. :banghead:
     
  7. WALKERs210

    WALKERs210 Member

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    Myself I have never attempted to gouge someone just because I have something that they want. For many years my policy has been if I spend $100.00 I look for a min of $25.00 profit if it will move in a week or two. That is not a major markup but much better than putting the same $100.00 in a common savings account. Might test the waters and list one of my 5.56 rifles, who knows I might strike gold and the be listed as one of those S.O.B.'s that are gouging people.
     
  8. 3twelves

    3twelves member

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    The people that are buying are the people that had their head buried in the sand distracted by bread and circuses didn't see this coming. I have been stocked up a long time ago.
     
    Last edited: Jan 2, 2013
  9. Slipknot_Slim

    Slipknot_Slim Member

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    Other opinions may vary, but if you list something on a gun auction and bidders drive up the price, you aren't guilty of gouging.
     
  10. 1096369fred

    1096369fred Member

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    Fn 5.7 x 28 ammo on Gunbroker for $2500 for 2000 rounds! (REALLY!!!)
    I guess I won't be shooting my PS90 or 5.7 much for a while!

    Fred
     
  11. FiremanJim

    FiremanJim Member

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    Went into two gun shops in San Antone today. First it was PMags at $100 on GB and Fleabay. I saw regular steel 30 round GI mags for $89 at one store.

    Went to the other, and there was one AR there from some manufacturer Ive never heard of selling for $5000.00.

    Man, I'm glad I got my AR and PMags when I did before all this craziness happened..
     
  12. sawdeanz

    sawdeanz Member

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    This sucks for me, as I am a young gun owner and not had the money or ability to buy before, I still don't now so hopefully by the time I'm ready to invest in more than what I have the panic will be down. I am wanting to get into hog hunting tho so I hope this panic isn't also affecting hunting weapons.
     
  13. DammitBoy

    DammitBoy Member

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    Saw an new HK in 5.56 sell for $9600 on gunbroker. Amazing...
     
  14. Slipknot_Slim

    Slipknot_Slim Member

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    No worries. Just make your own.

    http://www.guns.com/2012/08/01/3d-printing-gun-control/
     
  15. freyasman

    freyasman Member

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    I think a lot of these are people fairly new to shooting, or young vets, who have been wanting an AR or an AK, and the media screaming "BAN 'EM ALL!!" spooked them all into this panic buying we're seeing. Lets just make sure no new restrictions get implemented, (write your reps, already), and this will die down.;)
     
  16. Cesiumsponge

    Cesiumsponge Member

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    I'm picking up some Okay Industries USGI mags for $8 ea. If you're patient, know where to look, or have connections, price gouging can be reduced or eliminated completely
     
  17. barnbwt

    barnbwt Member

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    Yeah, and the only stuff on GB seems to be billed as bogus "collector" ammo, for some reason. Hopefully FNH has worked out its supply chain kinks (I'd heard something about a strike had caused the shortage earlier this year) and the price settles back to around 1$/round. Even those prices make no sense, since I'm pretty sure they're (FNH et. al.) making more 5.7 than ever before (or did 5.7 finally catch on and now has market demand since the last time I checked ;)).

    TCB
     
  18. Queen_of_Thunder

    Queen_of_Thunder member

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    I can't find any 5.7 so I'm thinking of selling my pistol with mags and ammo and use the funds for reloading supplies.
     
  19. WALKERs210

    WALKERs210 Member

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    Deleted
    Sorry don't know how that got here.
     
    Last edited: Jan 2, 2013
  20. moxie

    moxie Member

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    Bulletheads was selling 1000 .224FMJ for $84 a few months ago. It went up to $135 recently and is now $185.
     
  21. SunnySlopes

    SunnySlopes Member

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    It's going to be ok. Don't get caught up in everyone else's panic. This happens every so often. I remember when kennedy managed to get himself whacked. That backlash was one for the books. But we were ok.

    Since then there's been a lot of "panics." Stupid ones too. I remember back in the 90s there was a rumor circulating that the feds were fixing to outlaw the 9mm. Man, you couldn't find small pistol primers anywhere. Even the gun store employees believed the rumor. Large pistol primers were in abundance. I guess the feds didn't think anybody could be hurt with a 45.

    This thing is like a football game. They gain a few yards. We gain a few yards. But they aren't going to take away your ability to enjoy your sport. We may have to make some adjustments like I did when I was living in california during the 2000 AWB. I couldn't buy a semi auto, detachable mag rifle with a pistol grip. So I improvised. I bought a really nice Ruger mini 30.

    Panic is a weird thing.
     
  22. wojownik

    wojownik Member

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    I think this will all even out in 6-8 months, as backorders are fulfilled, the frenzy dies down, and the legislation (hopefully) goes nowhere. At least for rifles - expanded cap magazines may be another issue.

    Anyway, some fellow in my area just put his SCAR 17S up for sale for ... $10,500. But, at least he's tossing in two additional mags, and is willing to take gold (at or under spot rates).

    For my part, I put my high-end HK .223 clone up for sale, with accessories, at pretty much the same price I acquired it all at in 2009, Be happy if I broke even. Some one actually PM'd me about "profiteering" :rolleyes:.

    I think I'm sitting this one out for both buying and selling.
     
  23. CraigC
    • Contributing Member

    CraigC Member

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    Price gouging is a liberal invention. If you don't like the price, you don't have to pay it. It baffles me that people want to place the blame on the seller for what the buyer does voluntarily. Some folks just...don't...get...it.

    If people got as upset at what our government wastes TRILLIONS of dollars on as they do about the local gun shop selling AR mags for $50 a pop, we wouldn't be in the mess we're in.
     
  24. Killian

    Killian Member

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    Yes. People are paying. As someone who is charging a "premium price" (high as a cat's back) for SKS Tapco magazines right now (and ammunition if I can sell my SKS--again at a high price) I think it comes down to questions of what is going to be available, when it will be available, and if Congress is going to move quickly to make it unavailable sometime soon. If they do, the prices I--and everyone else--am charging right now is going to seem like a fond memory.

    I was looking on another board at some discussion about the make up of Congress. Only 233 Republicans to 200 Democrats, and a lot of those Republicans are the Northeastern Republicans who weren't terribly happy just a day or so ago. They only need 17 Republicans to jump ship to pass a ban in the House. Peter King of New York already says he'll vote yes on a ban. The rest of us in the US might be mad about it, but if local voters in the Northeast are more concerned about other issues like lower taxes but not so much about guns, then it might not hurt those Republicans terribly in their home states before their next election--in two years, which is a long time in politics.

    Another reason to charge premium prices. Hi cap magazines are gone. Nowhere is offering them for sale, or if they do it lasts about 10 minutes then they are bought out. Or "backordered". Which means you may never see it. When *I* sell something, you see it before you buy it, you know WHAT it is you are buying (check out some of the "Tapco" magazines for sale on Gunbroker right now...a 40rd Tapco? Riiight), and you get to drive home with it the same day. That ought to be worth a premium right now. Cause who knows when, or if, you'll receive what you want if you order it. In fact I'd strongly advise anyone against ordering anything right now unless it is with a reputable company of long standing. Face to face sales where you can handle the product, buy it, and walk away is the way to go right now.

    With most companies doing "just in time" shipping nowadays, it means NOBODY carries surplus. You don't "stock up for a rainy day" if you are a manufacturer. Tapco I'm sure is cranking them out as fast as they can. But how much can they crank out? In my case I have SKS mags for sale. How many will Tapco create per month? 10,000? 20,000? 100,000? I looked up their business location and looked at them on google maps street view. It's a small building. Divide those 100,000 mags per month (which seems WAY high to me as a production estimate) into the states that allow high cap mags. 46 or 45 states. Works out to around 2200 magazines per state. With 7 million estimated SKS's here in the US that works out to 152,000 SKS's per state. So 2200 mags are available for the 152,000 SKS's. Each guy who buys magazines isn't going to just buy 1. They'll order 4 or 5. So you are talking about 400 guys getting mags on a month's production. That leaves 151,600 other guys who didn't get squat. Some don't need it. They've already got mags. Some won't care. But there will still be a ton of guys who go out and buy an SKS right now, then decide they need mags. Or other guys who buy mags as an investment. If Midway, Natchez Shooter Supply, JG Sales, Cabelas etc get any orders filled from Tapco, then there will be millions of guys waiting there to order all of it in 5 minutes. The quick ones will get some. The rest won't. It's that simple.

    Another reason for high prices is as an inducement for me to sell. I'm extremely reluctant to sell for 2 reasons. 1) I may want these mags in the future for my own use, and 2) these mags may be worth 3 or 4 or 5 times what I'm trying to sell them for now if a ban goes thru. The only way I can overcome this reluctance is if I charge a high price compared to what they were 2 weeks ago. If you don't want to pay the price, then don't buy from me.
    But also don't come crying in a month saying "I wish I had bought them then when they were your price...now that they're banned they're 10 times what I could have bought them for from Midway". If you don't already have mags for the rifles then this IS the time to panic, because the wolf IS at the door. If you are forward thinking enough to look at how much industry can produce, how many guys are demanding mags and rifles, and the make up of Congress and how close things are, then you'll see why prices are rising now and will continue to rise for the foreseeable future...IMO.

    Guys who are selling their stuff for the same price they got it for are probably going to be kicking themselves in a couple of months--or weeks. But it is theirs to do with what they want. Capitalism and Democracy. For those guys that are buying, they aren't just purchasing a product. They are also purchasing peace of mind to know that they'll have the tools they need--if they should ever need them. That's worth a premium also.
     
  25. SunnySlopes

    SunnySlopes Member

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    You're probably right. A very large part of the problem is dealers who are wiping out existing inventories of stores like Walmart, then selling said inventory at a profit.

    I actually witnessed this several weeks ago. I was at Walmart getting my hunting license/deer tag and a couple guys bought all the budget 223 ammo in the case. I asked them if they were dealers and they admitted they were. I asked if they were headed to the (local area) gun show tomorrow with that ammo. They said they were.

    I don't blame them. Heck, even SWFA (the optics retailer) admits to buying off ebay.

    It's just the way the market works. We're living in an age where people envision a Road Warrior scenario and it's made everybody crazy.
     
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